23.98% of your wealth has been invisibly seized by the government since 2020
 6park.com
Here’s the logic.
1) Trillions of dollars were printed in 2020. This created absolutely no new goods and services, but simply used the chaos of COVID to dilute down your USD balances for the state to redistribute.
2) Due to the Cantillon effect, the state and state-affiliated actors received the benefit of that printed money first. Just like a counterfeiter benefits first from a new bill.
3) The 23.98% reduction in purchasing power is like a wealth tax. It applies to literally every dollar you own, not just incoming money.
4) Bitcoin holders unaffected. Trusting the US establishment in any way is the only way to lose. If you trust the media to report the truth, the police to protect you from crime, or the banks to safeguard your funds, you’ll have a bad time.
5) In particular, journalists and bureaucrats will fake the stats all the way to the bitter end, just like they did in the 2008 financial crisis with AAA mortgages. After that point, who coulda knew? It is on you to distrust them en masse and exit this system now to the maximum of your ability.
6) Even the 23.98% aggregate number is probably an underestimate and would be worth recalculating with the old methodology that also includes the (enormous!) impact of rate hikes on personal interest payments. Larry Summers below estimates that to be 18% in one year alone — which would mean the compounded wealth seizure since Jan 2020 will probably be around 50%.
7) Credit to Professor Summers for his important post, clarifying exactly how they’re cooking the books this time. He’s one of the best of the establishment guys and that’s why the proto-wokes canceled him in 2005. He will always be my (Harvard) President